No Trade Retaliation Due U.S. Kyoto Refusal
KIRUNA, Sweden (Reuters) - The European Union said on Saturday it did not accept a recent U.S. rejection of the Kyoto treaty to cut greenhouse gases but would not retaliate in the form of trade sanctions.
U.S. President Bush said this week that the 1997 Kyoto pact, which calls for targeted cuts of carbon dioxide emissions to reduce the risk of disastrous global warming, was not in the U.S. interest.
His announcement prompted a storm of protest from Europe to the Pacific.
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